Remittix Raises $28.6M, Outpacing ADA in Utility Focus
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 10 2026- ADA Price Weakness: Despite brief bullish signals, ADA's price has remained stagnant between $0.38 and $0.41 over the past two weeks, indicating a lack of volatility and resistance that undermines market confidence in its recovery.
- Market Shift: Investors are reallocating capital towards projects with real payment innovations, such as Remittix, which has made significant strides in addressing friction points in traditional finance, reflecting a declining demand for ADA.
- Successful Remittix Funding: Remittix has raised over $28.6 million, highlighting strong market demand for its cross-border payment network, and its ecosystem has attracted more than 40,000 active holders, indicating robust community support.
- Gap Between Technology and Reality: While ADA continues to develop smart contracts and dApps, its slow ecosystem growth and lack of timely catalysts have led to diminished investor confidence in its future prospects.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
